What is sustainability?
Sustainability was defined for the first time in 1987 by the United Nations World Commission on Environment and Development in the report “Our Common Future” as A development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
Therefore, the primary goal of sustainability is meeting the basic needs of all and extending to all opportunities for a better life. Basic belong to three categories:
- Economic needs
- Environmental needs
- Social needs (a catch-all dimension, covers educational, health, political, cultural needs and others).
What is sustainability management?
To achieve sustainability, organizations can commit to adopt sustainability management practices, that is, the systematic management of economic, environmental and social performance with the goal of optimizing benefits for both, business and society.
There is not a local or worldwide accepted standard for sustainability management. To adopt a systemic approach to sustainability the ADSG suggests members to use a Roadmap to Sustainability based in the PDCA cycle (Planning, doing, checking and acting) and in continuous improvement.
What is sustainability reporting?
To communicate progress regarding sustainability, organizations can commit to sustainability reporting, that is the incorporation of economic, social and governance information into public reporting in a systematic way that is linked to strategy and management processes.
There is a standard for sustainability reporting used worldwide by all type of organizations. The standard, called the Global Reporting Initiative Reporting framework, is the most commonly used by ADSG members to report about their economic, social and environmental performance.